The capital structure for the Knight Corporation is provided below. The company plans to maintain its debt structure in the future.The firm has bonds that pay a 6% coupon rate, mature in 10 years and sell for $1,175.The preferred stock is selling for $50 and pays a $3.00 dividend.The common stock is selling for $40, just paid a $1.25 dividend and is expected to grow by 6% for the indefinite future.The firms marginal tax bracket is 34%.What is Knights weighted average cost of capital?Show all work.